Keller Group PLC - London-based geotechnical contractor - Says that it had a "mixed" start to 2022 with its performance hurt by material shortages and the "residual" effect of inflation. Keller says it has passed on a significant portion of cost increases in the form of higher prices. Notes that it has a "record and growing" order book of GBP1.4 billion and is benefitting from foreign exchange tailwinds, despite the "challenging" trading environment. Says revenue is in line with internal expectations. Expects its full-year performance to be more second half weighted, as is "customary". Leaves its full-year expectations unchanged.
Current stock price: 992.00 pence
12-month change: up 32%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Keller (KLR)